South Africa's Nedbank Group has secured regulatory approval to acquire a 66% controlling stake in Kenya's NCBA Group for approximately R13.9 billion (roughly KES 109.6 billion or $855.5 million) to expand into East Africa. The deal, set to close around September 2026, makes NCBA a subsidiary of Nedbank while maintaining its listing on the Nairobi Securities Exchange.

Key Dates:

- Offer Announcement: January 21, 2026
- CMA Exemption Approval: February 19, 2026
- Offer Closing: Expected by Q3 2026
- 4 NedBank shares for every 100NCBA, plus 2,100 cash for every 100 shares
- Small investors holding less than 9,400 NCBA shares, a cash buyout of 105 per share

Eligibility details???? Let's ask @Obiero